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age to 67 and cap benefit hikes under social security. obama and house speaker john boehner are due to begin negotiations friday on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. speaking in washington, treasury secretary timothy geithner stressed the urgency of reaching a deal. >> i know the cliff is unattractive. it would cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we negotiate." it will leave a different source of uncertainty on the table, like what would give the people the incentive to come back and do something tough. >> millions of workers in europe have joined a general strike today protesting the wave of spending cuts and tax hikes that has swept the continent in the name of austerity. spanish and portuguese workers are coordinating their strike with work stoppages also planned in greece, italy, france and belgium. we will have more on the strike after headlines. closing arguments have ended in a pretrial hearing to
boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of entitlement programs and reforming our tax code to curb special interest loopholes and deductions. by working together and creating a simpler, cleaner tax code, we give our country a stronger, healthier economy. >> powerful winter storm again has blasted the northeast, bringing wet snow and strong winds to areas already devastated by last week's superstorm sandy. tens of thousands of homes and businesses lost power along the east coast from the carolinas to new york on wednesday, joining the more than half a million customers who still remain without power in sandy's wake. concerns were raised the storm could relief -- threatening relief effort in some of the hardest-hit polls. meanw
more in taxes. >> house speaker john boehner argued against any tax rises -- tax hikes. >> instead of raising taxes on americans, let's begin to solve the problems. let's focus on tax reform, closing the loopholes and tax rates. instead of an arbitrary cuts that will endanger our defense, but consumers about entitling -- short of the entitlement programs. >> in haiti, turn to rains and floods have killed 11 people and left thousands homeless. just two weeks after he was devastated by hurricane sandy, rivers have overflowed, crops have been destroyed, and aid workershey are in dire need of supplies. >> we have 150 people here with only 12 sacks of bread. they gave us four cases of jews this morning. the world food program brought two packs of cookies for each one. we have handicapped people here, women who give birth last night. we have nothing for them. >> and the york region is continuing its slow recovery, retain sunday -- slow recovery from hurricane sandy. officials say the storm caused more than $50 billion in damages to the new york region, making it the country's costliest s
less than the 700,000 cited by house speaker john boehner. more than seven hours 61,000 homes and businesses remained without power on the east coast thursday after a powerful nor'easter knocked out electricity for tens of thousands on top of those still left in the dark by superstorm sandy. the number includes more than 20,000 residents of public housing in new york city, who in some cases also lack heat and running water. three of new york city's hospitals remain closed after losing power during the storm, and there is no current timetable for their reopening. on thursday, new york governor andrew cuomo said economic damage from the storm could reach $50 billion. >> the first cost estimate that i have seen has suggested the storm will cost the region $50 billion in damage and economic loss. the state of new york, about $33 billion in damage and economic loss. that is a staggering number. >> in the face of an ongoing fuel shortage, new york city mayor michael bloomberg has unveiled a new rationing system for the purchase of gas. on thursday, he said motorists will only be of
comments made by john boehner who argued against any tax hikes as part of the deal to avoid the so-called fiscal cliff. >> instead of raising tax rates on the american people, the damage it would do to our economy, let's start to solve the problem. this focus on tax reform, close special interest loopholes, and lower tax rates. instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> sarah anderson, your response? >> it is crazy to be talking about, as he said, shoring up in time of programs. that is just washington speak for reducing the cost of these programs and limiting access. to think we need to shift the burden onto the backs of the poor and elderly is crazy, when we are in one of the richest countries -- the richest country in the world. our problem is our resources have been misallocated. the approach to the debt should be to look at the ways that we could raise revenue through fair taxation, including tax and financial tran
Search Results 0 to 4 of about 5

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